Gabelli Global Mini Fund Market Value
| GMNCX Fund | USD 12.06 0.21 1.77% |
| Symbol | Gabelli |
Gabelli Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Gabelli Global's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Gabelli Global.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Gabelli Global on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Gabelli Global Mini or generate 0.0% return on investment in Gabelli Global over 720 days. Gabelli Global is related to or competes with Gabelli Esg, Gabelli Global, Gabelli Equity, Gamco International, Enterprise Mergers, Enterprise Mergers, and Enterprise Mergers. The fund primarily invests in equity securities of micro-cap companies, which the managers define as companies that have... More
Gabelli Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Gabelli Global's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Gabelli Global Mini upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.795 | |||
| Information Ratio | 0.0688 | |||
| Maximum Drawdown | 5.04 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 2.05 |
Gabelli Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Global's standard deviation. In reality, there are many statistical measures that can use Gabelli Global historical prices to predict the future Gabelli Global's volatility.| Risk Adjusted Performance | 0.1497 | |||
| Jensen Alpha | 0.0584 | |||
| Total Risk Alpha | 0.0263 | |||
| Sortino Ratio | 0.0923 | |||
| Treynor Ratio | 0.1728 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gabelli Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gabelli Global Mini Backtested Returns
At this stage we consider Gabelli Mutual Fund to be very steady. Gabelli Global Mini holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Gabelli Global Mini, which you can use to evaluate the volatility of the entity. Please check out Gabelli Global's market risk adjusted performance of 0.1828, and Risk Adjusted Performance of 0.1497 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The fund retains a Market Volatility (i.e., Beta) of 1.12, which attests to a somewhat significant risk relative to the market. Gabelli Global returns are very sensitive to returns on the market. As the market goes up or down, Gabelli Global is expected to follow.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Gabelli Global Mini has insignificant reverse predictability. Overlapping area represents the amount of predictability between Gabelli Global time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gabelli Global Mini price movement. The serial correlation of -0.18 indicates that over 18.0% of current Gabelli Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Gabelli Global Mini lagged returns against current returns
Autocorrelation, which is Gabelli Global mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Gabelli Global's mutual fund expected returns. We can calculate the autocorrelation of Gabelli Global returns to help us make a trade decision. For example, suppose you find that Gabelli Global has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Gabelli Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Gabelli Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Global Lagged Returns
When evaluating Gabelli Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Global mutual fund have on its future price. Gabelli Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Gabelli Global autocorrelation shows the relationship between Gabelli Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gabelli Global Mini.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Gabelli Mutual Fund
Gabelli Global financial ratios help investors to determine whether Gabelli Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Gabelli with respect to the benefits of owning Gabelli Global security.
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